A major crypto whale invests $120 million in Shiba Inu, PEPE, Ethereum
Release: 2024/07/05 15:09 Reading: 373
Major Crypto Investor Acquires Meme Coins, Ethereum Amid Market Volatility
A significant investor has diversified its holdings amidst market uncertainty by purchasing substantial quantities of meme coins, including 957.77 billion PEPE tokens and 583.78 billion Shiba Inu tokens. Additionally, the investor acquired other unspecified cryptocurrencies, totaling 14 distinct assets.
The investor divested $120 million in assets from Binance, demonstrating a multifaceted strategy. Despite a 4.34% decline in market capitalization to $2.16 trillion, fueled by liquidations and growing investor pessimism, notable investors continue to engage in asset acquisition.
One such investor transferred 1,723 BTC (equivalent to $106 million) to Binance within the past 24 hours. However, a newly emerged whale wallet is aggressively accumulating crypto from Binance, notably Ethereum (ETH) with a total value of $30.15 million (9,425 ETH).
The whale also invested heavily in meme currencies, acquiring 957.77 billion PEPE tokens worth $9.84 million and 583.78 billion SHIB tokens valued at $9.68 million.
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